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"the sight of lingerie models padding around the site, usually in their lingerie."
Pics or it didn't happen. K thx bye.
I have been propositioned in a toilet by a 72-year-old man. He wants me to move in with him and do the business. Ah, it’s possible that I may have phrased this poorly. What I really meant to say is that he is looking to me to arise and provide him with a youthful injection to keep him in the game. No, no, you’re getting the …
It could "ruin" a few years, but it could only ruin "the rest of your life" if you let it. And don't forget that one good business decision can also make you for life.
It's hard to see a bad business decision without the benefit of hindsight, and even if things go "tits up", the experience invariably leads to other things.
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Seedrs are a far better place for this sort of thing - https://www.seedrs.com/sign_up?promo_code=85S6RYIP
They're specifically setup to deal with companies in a way that kickstarter isn't. Alternatively, you could get in touch with these guys - https://www.seedrs.com/startups/desklodge who might be interested.
If you sign up via the first link, I get a kickback for recommending you. if you'd rather I didn't, just go to https://www.seedrs.com/
"a maximum of five people rattling about in 2,000 square feet of office space"
"my client purchased a cheap office in an East End dump that ... has transformed into a million-pound property"
Why didn't he sell years ago, then? What a moron.
"at least one day a week is enlivened by the sight of lingerie models padding around the site, usually in their lingerie."
Ah. I see.
Sure.
I do get that.
My comment is rather that someone seeking risk capital is usually offering some piece of the action in return for it.
Do note also that risk capital doesn't have to be returned: the adventure goes bust then it's the adventure that does, not the entrepreneur.
I can imagine someone providing that 50k in return for (obviously, assuming the numbers stack up of course) some share in the adventure. In fact, I've got someone in mind who would probably do so. In fact, having had a very brief chat about it with him, really would probably do so.
On reasonable terms too. But this sort of thing: if you can finance it with loans and are willing to take on that personal responsibility for paying the loans back, well, good luck to you and all who sail in the adventure.
But if you want capital, not debt, then a slice of the action will have to be sold. The point at the end being that if a slice of the adventure is to be sold then that capital is there and available, assuming, as above, that the numbers do stack up.
S&M club then. Lingerie models on one side, ancient cobwebby stonework and old machinery on the other. Readily available London weirdos with disposable cash and suspect interests (i.e. politicos) and you will be quids in.
Plus you can set your IT skills to rigging up the hidden CCTV to keep the brown envelopes rolling in!
... you could line up a few interested sub-let clients before you accept the deal. If you have free range of your floor and there are no issues with erecting partitions you could have a 'hub' setup in no time with sub-let clients all feeling trendy but paying the market rates for rent. Then whatever profit you make on the subletting stash 20% of that depending on the size of the profit) to go towards maintenance. As long as you are breaking even, should give you enough time to build up a stash of cash before hiring a 'Space Designer' to maximise how many bods you can pack in there comfortably.
I can’t see how I could balance the books. He wants me to move quickly but it’s not going to happen: I’d need a pot of cash to get into launch mode and prevent it from switching to tits-up mode within six months."
Says it all right there. I wouldn't have touched it either. Er, bought in.
With the British government offering to guarantee higher risk property loans up to £130 billion (no wonder the national debt keeps going up) plus some shared equity scams you should be able to get the money if you can reasonably convincingly show that you are a first time shoebox-buyer, which probably all you can get for 50k in London. Do it properly and you don't even have to think about ever paying it back and.
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The Shoreditch Works folk are running a very similar Kickstarter right now, maybe it's worth asking them for any advice they might have? They haven't been successful yet but they're over halfway to their £25k goal.
http://www.kickstarter.com/projects/179276400/open-the-shoreditch-village-hall?ref=card
Disclaimer: I'm not affiliated with them in any way, but they have given me free beer in the past.